Gawande, KishoreMaloney, WilliamMontes Rojas, Gabriel V.2012-03-192012-03-192009-02-01https://hdl.handle.net/10986/4030There exist legal channels for informational lobbying of U.S. policymakers by foreign principals. Foreign governments and private sector principals frequently and intensively use this institutional channel to lobby on trade and tourism issues. This paper empirically studies whether such lobbying effectively achieves its goal of trade promotion in the context of Caribbean tourism, and suggests the potential for using foreign lobbying as a vehicle for development. Panel data are used to explore and quantify the association between foreign lobbying by Caribbean principals and U.S. tourist arrivals to Caribbean destinations. A variety of sensitivity analyses support the finding of a strong association. The policy implications are obvious and potentially important for developing countries.CC BY 3.0 IGOASSET POSITIONASSET POSITIONSASSETSASYMMETRIC INFORMATIONBANKSBENEFICIARIESBONDCAPITAL FLOWSCDCHECKSCOMMERCIAL POLICYCONFIDENCECONSUMERSCPIDESTINATION COUNTRIESDESTINATION COUNTRYDESTINATIONSDEVALUATIONDEVELOPING COUNTRIESDEVELOPMENT ECONOMICSDOMESTIC PRODUCERSDUMMY VARIABLEECONOMETRIC MODELSECONOMETRICSECONOMIC DEVELOPMENTECONOMICS LITERATUREELASTICITY OF DEMANDENDOGENOUS VARIABLESEQUILIBRIUMEXCHANGE RATE MOVEMENTSEXCHANGE RATESEXOGENOUS VARIABLESEXPECTED UTILITYEXPENDITUREEXPENDITURESEXPORT EARNINGSEXPORT PROMOTIONEXPORTERSEXPORTSEXTERNAL ASSETEXTERNAL ASSETSFINANCIAL INSTITUTIONSFINANCIAL SECTORFLOW OF TOURISTSFOREIGN CURRENCYFUTURE RESEARCHGDP PER CAPITAGLOBAL MARKETGLOBALIZATIONGOVERNMENT POLICIESGOVERNMENT POLICYGOVERNMENT REVENUESHOST COUNTRYHOST GOVERNMENTHOTELHOTEL REGISTRATIONSHOTELSIMPORTSINDUSTRIALIZATIONINFORMATION ASYMMETRIESINFORMATION DISSEMINATIONINFORMATIONAL ASYMMETRIESINSTRUMENTINTERNATIONAL BANKINTERNATIONAL SETTLEMENTSINTERNATIONAL TOURISMINTERNATIONAL TRADEINVESTIGATIONJUSTICEKNOWLEDGE ECONOMYLAWSLEVIESLOBBYINGLOBBYISTLOBBYISTSMACROECONOMIC SHOCKSMARKET ACCESSMEDIAMEDIA RELATIONSNASH EQUILIBRIUMNATURAL RESOURCESNEGATIVE SHOCKNUMBER OF TOURISTSOFFSHORE FINANCINGOPEN ECONOMYPARKSPENALTYPER CAPITA INCOMEPOLITICIANSPOSITIVE COEFFICIENTPRICE ELASTICITYPRICE ELASTICITY OF DEMANDPRICE SENSITIVITYPRODUCT DIFFERENTIATIONPROTECTIONISMPROTECTIONISTPUBLIC OFFICIALSREAL EXCHANGE RATEREAL GDPRETURNSSCUBA DIVINGSUSTAINABILITYTARIFF PREFERENCESTAXTAX RATESTOURISMTOURISM BOARDSTOURISM BUSINESSESTOURISM DEMANDTOURISM DESTINATIONSTOURISM DEVELOPMENTTOURISM INDUSTRIESTOURISM INDUSTRYTOURISM ISSUESTOURISM MANAGEMENTTOURISM ORGANIZATIONTOURISM PROMOTIONTOURISM RECEIPTSTOURISM RESEARCHTOURISM RESOURCESTOURISM SECTORTOURISM SERVICESTOURISTTOURIST ARRIVALSTOURIST DEMANDTOURIST DESTINATIONSTOURISTSTRADE IN GOODSTRADE IN SERVICESTRADE POLICYTRADE PROMOTIONTRANSPARENCYVACATIONVIOLENCEWORLD TOURISMWORLD TOURISM ORGANIZATIONWORLD TRADEWORLD TRADE ORGANIZATIONWorld Bank10.1596/1813-9450-4834